ESM promises rapid disbursement of last bailout loan money to Athens once ‘national procedures’ completed

13 July 2018
174 Views

Bloomberg on Thursday assessed that the “glitch” in disbursing the last 15-billion-euro loan tranche to Greece, held up due to Berlin’s annoyance over a measure freezing lower VAT rates on a handful of Greek islands, adds to “signs that that Prime Minister Alexis Tsipras has his work cut out to regain the trust of his euro-area creditors as he leads the country out of its bailout program next month.”

The assessment came a day before the ESM’s board, as expected, approved of the 15-billion-euro tranche – the last of the third bailout – in principle, and under the condition that “national procedures” will be completed. The latter was a reference to the German government’s objection this week.

The ESM, in fact, promised that the last memorandum loan money will be disbursed very quickly, once all EZ countries are on board.

You may be interested

Syriza MPs attacked during the 17th November Polytechnic celebrations (video)
GREECE
shares47 views
GREECE
shares47 views

Syriza MPs attacked during the 17th November Polytechnic celebrations (video)

makis - Nov 16, 2018

A delegation of SYRIZA MPs that went to lay a wreath in honour of the “17th November Polytechnic” celebration was…

Greek Church Hierarchy rejects Tsipras-Ieronymos plan on clergy payment regime
GREECE
shares39 views
GREECE
shares39 views

Greek Church Hierarchy rejects Tsipras-Ieronymos plan on clergy payment regime

makis - Nov 16, 2018

The prelacy of the Greek Orthodox Church rejected the draft agreement between Greek PM Alexis Tsipras and Archbishop of Athens…

Gavdos, an island at the end of the Continent
GREECE
shares565 views
GREECE
shares565 views

Gavdos, an island at the end of the Continent

Panos - Nov 16, 2018

Described by Homer as the place where Odysseus shipwrecked on his way back from Troy, Gavdos is a remote island…

Leave a Comment

Your email address will not be published.